DS News

4 66 70 This Month FROM OUR DESK . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 DS JOURNAL Delinquency Rate Continues at 10-Year Low; Looking Back: Hensarling's Impact; Big Banks' Q3 2017 Results Reported; U.S. Senate Discusses Data Security and Equifax; Mortgages More Difficult to Acquire; Mortgage Insurance Fund Results to Impact Future of Housing; Housing Peak Levels en vs. Now; Wells Fargo CEO: I Never Lied to Investors; Investor Urges Owners to Quick Close Homes; HELOCs to Spike 30 Percent in 2017-2018; HUD Secretary on the Future of Housing; Results Are In: How Ocwen Performed in Q3; Organizations Reached Out for Borrower Relief FIVE MINUTES WITH . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 COUNSEL'S CORNER . . . . . . . . . . . . . . . . . . . . . . . . . . . 24 STATE OF AFFAIRS Impactful local market information at your fingertips. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 76 COVER STORY HISTORY SET TO REPEAT ITSELF? Almost 10 years have passed since the housing market collapse and the free fall of the U.S. economy. Today, the one question that's on everyone's mind is, will it happen again?... . . 58 By Nicole Casperson INDUSTRY INSIGHT REBUILDING AND RETHINKING Coming out of a year racked by hurricanes, regulatory uncertainty, and a shifting real estate landscape, what does 2018 hold in store? DS News surveyed a selection of industry insiders about the trends that shaped the past year—and will define the year to come. . . . . . . . . . . . . . . . . . 62 By David Wharton INDUSTRY INSIGHT REMAPPING THE DNA Conventional wisdom and regulatory history are being shaken up across the industry thanks to technological enhancements in data and analytics—DnA—now revolutionizing home appraisals.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 66 By Mark Johnson INDUSTRY INSIGHT CLEANING UP THE PAPER TRAIL In the post-crash rush to create rules designed to improve the industry, the operations surrounding management of collateral files went largely untouched. Now, it's time to tighten procedures to ensure documents are secure.... 70 By Michael O'Connell INDUSTRY INSIGHT UNLOADING INVENTORY While the management of liquidation processes may vary, the end-goal is the same—effectuate liquidation strategies and expedite third-party property sales to minimize neighborhood blight and reduce the operational and holding risks associated with distressed-property .... . . . . . . 74 management. By Kelly Conley Contributors NICOLE CASPERSON is the Associate Editor of DS News. She graduated from Texas Tech University where she received her M.A. in Mass Communications and her B.A. in Journalism. Casperson previously worked as a graduate teaching instructor at Texas Tech's College of Media and Communications. Her thesis will be published by the International Communica- tion Association. To contact Casperson, e-mail: nicole.casperson@thefivestar.com. KELLY CONLEY is First VP of Specialized Servicing at Flagstar Bank, overseeing the bank's Investor Claims teams, including Claims Mitigation, Property Preservation, Title, Eviction, Invoice Processing, Claims Filing, Reconveyance, and Loss Analysis. She has 18 years of mortgage operations experience with deep roots in credit, risk, repurchase, and claims management. Since joining Flagstar in 2007, she has held multiple leadership roles, leading efforts to defend the Bank against repurchase and mortgage insurance deficiency exposure, developing claims-related recovery initiatives, and building claims processing operations and quality control practices. DAVID WHARTON has been a writer and editor for over 13 years, contributing to publica- tions such as e Daily Dot, CinemaBlend, ScreenRant, and Creative Screenwriting Magazine. He holds a B.A. in English from the University of Texas at Arlington. He lives in Texas with three children, four dogs, and his wife. MARK JOHNSON is Chief Strategy Officer at LRES, a national residential and commercial mortgage services company providing valua- tions, REO asset management, and HOA solu- tions for the mortgage and real estate industry. With more than 15 years of continued growth, LRES offers managed business processes for the origination and default markets. For more information about LRES, visit its website at LRES.com. MICHAEL O'CONNELL is COO of Palm Harbor, Florida-based Nationwide Title Clearing, a leading research and document processing service provider that in addition to its large client base, serves eight of the top 10 of the nation's largest mortgage loan servicers. e company recently released its Curative Vault Document Custody solution. He can be reached at michael_oconnell@nwtc.com. Join the Conversation Do you have a suggestion, story idea, or some feedback you'd like to share with DS News readers? Help shape our next is- sue by emailing Editor@DSNews.com. D E C E M B E R 2 0 1 7 C o n t e n t s D S N E W S . C O M 58 HOUSING BUBBLE 2.0? 20 62

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